Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

2024-2033 Mobile Robots Market: What Growth Rate is Predicted?

The mobile robots market size has seen exponential growth in recent years. It is projected to rise from $21.23 billion in 2023 to $25.81 billion in 2024, representing a CAGR of 21.6%. This growth can be attributed to the increased use of containers for sea-borne cargo, a rise in demand for rehabilitation in medicine, growing warehouse automation, a heightened focus on safety for human life, and increased demand for mobile logistics by online retailers.

The mobile robots market size is projected to see exponential growth in the next few years, anticipated to reach $56.58 billion by 2028 at a compound annual growth rate (CAGR) of 21.7%. This growth is driven by the widespread deployment of autonomous mobile robots by logistics companies, substantial funding from regulatory bodies, the need for material-handling equipment, the expansion of regional distribution channels, and an increasing demand for self-driving forklifts. Key trends in the forecast period include the adoption of Industry 4.0 technologies, innovations in mobile robot sensors and controllers for various applications, the integration of advanced technologies such as 5G, the incorporation of AI and machine learning algorithms with autonomous mobile robots, and the development of application-specific autonomous robots.

What Aspects Are Driving the Expansion of the Mobile Robots Market?

The mobile robots market is expected to experience growth due to increasing e-commerce activity. E-commerce activity refers to online transactions in which goods or services are purchased through electronic platforms such as websites or mobile applications. The rise in e-commerce is largely due to consumer preferences shifting towards online shopping, driven by convenience, a broader range of product choices, and competitive pricing. Mobile robots are increasingly utilized in e-commerce to automate warehouse operations, thereby enhancing efficiency in picking, packing, and inventory management. They help reduce labor costs and improve order fulfillment speed, contributing to overall customer satisfaction.

Claim Your Free Sample of the Global Mobile Robots Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=18409&type=smp

What Are the Significant Segments of the Mobile Robots Market?

The mobile robots market covered in this report is segmented –

1) By Product: Automated Guided Vehicle (AGV), Autonomous Mobile Robot (AMR)
2) By Form Factors: Forklifts, Tow Or Tractor Or Tug, Unit Load, Assembly Line
3) By Navigation Sensor: Reflector, Quick Response Code, Laser Or Light Detection And Ranging, Camera, Other Navigation Sensors
4) By Application: Agricultural, Cleaning, Educational, Healthcare, Manufacturing, Warehousing And Logistics, Other Applications

What Trends Are Influencing the Evolution of the Mobile Robots Market?

Major companies in the mobile robots market are directing their efforts towards developing technologically advanced solutions, including artificial intelligence (AI)-powered mobile robots, to improve autonomous navigation, real-time data analysis, and adaptive learning capabilities. AI-powered mobile robots are robotic systems equipped with artificial intelligence features that allow them to perceive their environment, make decisions, and perform tasks autonomously or semi-autonomously. For example, in March 2024, ABB Ltd., a Switzerland-based technology company, launched the Flexley Tug, an autonomous mobile robot that facilitates managing entire fleets of mobile robots. Featuring AI-powered visual SLAM navigation technology and innovative AMR Studio software, this robot allows novice users to easily program and manage entire robot fleets, reducing setup time by up to 20% and addressing labor shortages.

Order Now for Fast Delivery of Your Mobile Robots Market Report!
https://www.thebusinessresearchcompany.com/report/mobile-robots-global-market-report

Which Geographic Areas Are Influencing the Growth of the Mobile Robots Market?

North America was the largest region in the mobile robots market in 2023. The regions covered in the mobile robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Mobile Robots Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the mobile robots market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Mobile Robots Market Include

1. Mobile Robots Market Executive Summary
2. Mobile Robots Market Segments
3. Mobile Robots Market Size And Template Market Growth Rate
4.  Key Mobile Robots Market Trends
5. Major Mobile Robots Market Drivers
……
25. Key Mergers And Acquisitions In The Mobile Robots Market
26. Top Mobile Robots Companies
27. Mobile Robots Market Opportunities And Strategies
28. Mobile Robots Market, Conclusions And Recommendations
29. Appendix

Discover Related Reports by The Business Research Company:

Mobile Computer Market Size, Growth, Demand, Future Analysis 2024-2033
https://www.thebusinessresearchcompany.com/report/mobile-computer-global-market-report

Mobile Mapping Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/mobile-mapping-global-market-report

Mobile Virtualization Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/mobile-virtualization-global-market-report

Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: